alt Hacker News> Sure if $37k is a lot for a car
37k with 20% down payment means you borrow $29k at say, a 4.79% interest rate for 60 months so... $556/month. I know we're on HN with high salaried tech workers but c'mon, that's a lot of money and doesn't even include insurance.
That and their base model 3 is RWD which makes it a non-starter for anyone who drives in snow/ice. The AWD model starts at $47k.
Replies
senordevnyc • yesterday at 4:36 PM
The average new car transaction price in the US is about $50k.
A Honda CRV Hybrid for example starts at $35k (Accord Hybrid is 34k) and that's a pretty common vehicle here in Ohio. We could debate the capabilities and such and what you get for your money, but I'm just not in an agreement that $37k is a lot of money for a car.
I've owned a base model 3 RWD and live in Ohio where we regularly get all of the weather, sometimes the same day even. I would rather drive that than an AWD Honda or Toyota or similar. The weight and center of gravity, especially with the right tires, makes it a very nice vehicle to drive in adverse conditions. Those "average" market SUVs aren't very good in snow/ice either. At least in my experience.